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City of Marion To Finish 2013 $2-million in the Black

by Sammy Edmondsposted Jan 2 2014 10:36AM

City officials say the City of Marion will finish 2013 with two-million dollars in the city’s bank account.

A news release from the office of Mayor Wayne Seybold said the city will be able to finish the year with a positive bank account, following a financial crisis over the past year brought on by the city’s old health insurance plan.

The city’s health insurance budget was drained by a rash of serious illnesses, which also drained the city’s cash reserves. But Mayor Seybold said by using conservative spending principles, changing the health insurance plan, cooperation through various agencies, changes in union contracts and not filling several jobs through attrition helped save the city enough money to put it in the black. And the Mayor said they were able to accomplish that without any layoffs.

The city is also now fulfilling financial obligations to a number of non-profit agencies who went un-paid during the financial crisis. Last week the city paid the Marion-Grant County Senior Center 77-thousand-500 dollars and also 30-thousand dollars to Main Street Marion. The city also plans to pay off what is owed to the local Commission on Domestic Violence.